Asia-Pacific’s food industry saw a drop of 3.16% in deal activity in Q1 2021

Led by $300m venture financing of Guoquan Shihui, Asia-Pacific’s food industry saw a drop of 3.16% in deal activity during Q1 2021, when compared to the last four-quarter average, according to GlobalData’s deals database.

 

A total of 69 deals worth $774.97m were announced for the region during Q1 2021, against the last four-quarter average of 71.25 deals.

Of all the deal types, venture financing saw most activity in Q1 2021 with 42 deals, representing a 60.9% share for the region.

In second place was M&A with 26 deals, followed by private equity deals with one transactions, respectively capturing a 37.7% and 1.5% share of the overall deal activity for the quarter.

In terms of value of deals, venture financing was the leading category in Asia-Pacific’s food industry with $662.65m, followed by M&A deals totalled $112.32m.

Asia-Pacific food industry deals in Q1 2021: Top deals

The top five food deals accounted for an 80.6% share of the overall value during Q1 2021.

The combined value of the top five deals stood at $624.95m, against the overall value of $774.97m recorded for the quarter.

The top five food industry deals of Q1 2021 tracked by GlobalData were:

1) CMB International Securities and Tiantu Investments’ $300m venture financing of Guoquan Shihui

2) The $122.4m venture financing of Jane Eyre by Black Ant Capital, CITIC Agricultural Fund, Dehong Capital, Jingwei China, Maixing Investment, Purui Investment Fund, Sequoia China Fund and Yunfeng Fund L.P

3) BA Capital Partners, CITIC Agriculture Fund, DCP Capital, Maison Capital Group, Matrix Partners China, Proterra Investment Partners, Sequoia Capital China Fund and Yunfeng Capital’s $122.27m venture financing of Simple Love

4) The $59m acquisition deal with Opotiki Packing and Coolstorage by Seeka

5) Tata Consumer Products’ acquisition of Kottaram Agro FoodsLtd. for $21.28m.